Registered number
05634701
J & H Lift Co. Limited
Filleted Accounts
30 November 2023
J & H Lift Co. Limited
Registered number: 05634701
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,172 1,517
Current assets
Debtors 4 14,056 27,935
Cash at bank and in hand 32,336 41,582
46,392 69,517
Creditors: amounts falling due within one year 5 (16,195) (19,184)
Net current assets 30,197 50,333
Net assets 31,369 51,850
Capital and reserves
Called up share capital 3 3
Profit and loss account 31,366 51,847
Shareholders' funds 31,369 51,850
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Johnston
Director
Approved by the board on 18 March 2024
J & H Lift Co. Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 1,950 3,870 5,425 11,245
At 30 November 2023 1,950 3,870 5,425 11,245
Depreciation
At 1 December 2022 1,594 3,786 4,348 9,728
Charge for the year 54 21 270 345
At 30 November 2023 1,648 3,807 4,618 10,073
Net book value
At 30 November 2023 302 63 807 1,172
At 30 November 2022 356 84 1,077 1,517
4 Debtors 2023 2022
£ £
Trade debtors 14,056 27,935
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 11,554 16,878
Directors Account 3,129 946
Accruals 1,512 1,360
16,195 19,184
6 Other information
J & H Lift Co. Limited is a private company limited by shares and incorporated in England. Its registered office is:
Heaton Mill
Heaton Street
Denton
Manchester
M34 3RG
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